Ascend Wellness Holdings, Inc. (“AWH”), a multi-state, vertically integrated cannabis operator, today announced the pricing of its initial public offering of 10,000,000 shares of its Class A common stock at a public offering price per share of USD $8.00, for total gross proceeds of USD $80,000,000. AWH has also granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of its Class A common stock at the offering price to cover over-allotments if any. The offering is expected to close on May 4, 2021, subject to satisfaction of customary closing conditions. The shares are expected to begin trading on the Canadian Securities Exchange on May 4, 2021, under the ticker symbol “AAWH”. The Company also expects its shares to become quoted on the OTCQX® Best Market operated by OTC Markets Group, Inc. in the days shortly following the closing of the offering.
Published Ncv Newswire, New Cannabis Ventures, 04/28/2021 20:10:00
Open article: https://www.newcannabisventures.com/ascend-wellness-raises-80-million-in-ipo/